FIN 571 Week 3 WileyPLUS Practice Quiz NEW

 FIN 571 Week 3 WileyPLUS Practice Quiz NEW



FIN 571 Week 3 WileyPLUS Practice Quiz NEW

Check this A+ Guidelines at

http://www.assignmentclick.com/FIN-571-NEW/FIN-571-Week-3-WileyPLUS-Practice-Quiz-NEW

For more classes visit

www.assignmentclick.com

FIN 571 Week 3 WileyPLUS Practice Quiz NEW
Multiple Choice Question 32
The operating cycle
ends not with the finished goods being sold to customers and the cash collected on the sales; but when you take into account the time taken by the firm to pay for its purchases.
To measure operating cycle we need another measure called the days' payables outstanding.
begins when the firm receives the raw materials it purchased that would be used to produce the goods that the firm manufactures.
begins when the firm uses its cash to purchase raw materials and ends when the firm collects cash payments on its credit sales.
 
Multiple Choice Question 57
You are provided the following working capital information for the Ridge Company:
Ridge Company
Account
$
 
 
Inventory
$12,890
Accounts receivable
12,800
Accounts payable
12,670
 
 
Net sales
$124,589
Cost of goods sold
99,630
 
Operating cycle: What is the operating cycle for Ridge Company?
51 days
47 days
85 days
36 days
 
Multiple Choice Question 80
Ticktock Clocks sells 10,000 alarm clocks each year. If the total cost of placing an order is $65 and it costs $85 per year to carry the alarm clock in inventory, use the EOQ formula to calculate the optimal order size.
26,154 clocks
24 clocks
15,294 clocks
161 clocks
 
Multiple Choice Question 49
The asset substitution problem occurs when
 managers substitute less risky assets for riskier ones to the detriment of equity holders.
 managers substitute riskier assets for less risky ones to the detriment of bondholders.
 managers substitute less risky assets for riskier ones to the detriment of bondholders.
 managers substitute riskier assets for less risky ones to the detriment of equity holders.
 
Multiple Choice...

Similar Essays